Someone tried to explain the general concept of the "Laffer Curve" to Obongo, and he absolutely didn't understand it at all.

The concept is relatively easy to understand (if you're not a thick-headed socialist). There's an optimum tax rate at which the government will collect the most tax revenue.

Obviously if the government taxed people 100%, people would quit working, and the government would collect zero revenue. There's an optimum tax rate, at which people will still work pretty hard and government will collect the maximum revenue.

A reporter asked Obongo why he wanted to raise a certain tax rate (higher than the optimum rate) since that would REDUCE the government revenue?

Someone tried to explain the general concept of the "Laffer Curve" to Obongo, and he absolutely didn't understand it at all.

The concept is relatively easy to understand (if you're not a thick-headed socialist). There's an optimum tax rate at which the government will collect the most tax revenue.

Obviously if the government taxed people 100%, people would quit working, and the government would collect zero revenue. There's an optimum tax rate, at which people will still work pretty hard and government will collect the maximum revenue.

A reporter asked Obongo why he wanted to raise a certain tax rate (higher than the optimum rate) since that would REDUCE the government revenue?

Obongo replied that it was more "fair" to raise the tax rate on the rich.

That's a strong possibility. Everything the liberals do is supposedly more "fair" even if they're impoverishing White families and stealing jobs from young Whites for quota hires.

Obama's old enough to remember the 1980s. Ronald Reagan PROVED that you can increase government revenue by reducing tax rates. People will work much harder (since you're letting them keep more of their salaries) and that increase in work is enough to produce a net increase in revenue.

Obama is also old enough to remember that Joe Biden was a cheap plagiarist, whose 1987/88 presidential bid ended in disaster and total embarrassment.

I get the impression Obongo must have really been doing drugs big time. Or maybe he didn't pay attention to the real world and just listened to that hate-Whitey preacher or his Marxist pal, Bill Ayres.

Obama's old enough to have some wisdom, but he doesn't seem to have ANY.

That's a strong possibility. Everything the liberals do is supposedly more "fair" even if they're impoverishing White families and stealing jobs from young Whites for quota hires.

Obama's old enough to remember the 1980s. Ronald Reagan PROVED that you can increase government revenue by reducing tax rates. People will work much harder (since you're letting them keep more of their salaries) and that increase in work is enough to produce a net increase in revenue.

Obama is also old enough to remember that Joe Biden was a cheap plagiarist, whose 1987/88 presidential bid ended in disaster and total embarrassment.

I get the impression Obongo must have really been doing drugs big time. Or maybe he didn't pay attention to the real world and just listened to that hate-Whitey preacher or his Marxist pal, Bill Ayres.

Obama's old enough to have some wisdom, but he doesn't seem to have ANY.

He is locked into the Marxist mindset that the White rich are always stealing from the poor and wants to whip out more taxes on them working honkies.

That's a strong possibility. Everything the liberals do is supposedly more "fair" even if they're impoverishing White families and stealing jobs from young Whites for quota hires.

Obama's old enough to remember the 1980s. Ronald Reagan PROVED that you can increase government revenue by reducing tax rates. People will work much harder (since you're letting them keep more of their salaries) and that increase in work is enough to produce a net increase in revenue.

Obama is also old enough to remember that Joe Biden was a cheap plagiarist, whose 1987/88 presidential bid ended in disaster and total embarrassment.

I get the impression Obongo must have really been doing drugs big time. Or maybe he didn't pay attention to the real world and just listened to that hate-Whitey preacher or his Marxist pal, Bill Ayres.

Obama's old enough to have some wisdom, but he doesn't seem to have ANY.

Obama may remember but he knows that the general population does not remember. The general population doesn't remember 6 months ago. Obama talked about the harm of free trade 6/8 months ago but is saying the opposite now.

he's not a socialist, he's a marxist and they don't care about facts, they don't care about anything but making everyone equal in every way, they don't care if whites lose everything through taxation because that is their intention, then they think they will rebuild everything over from scratch based on their new model, the whole point is to cause total collapse....

except for themselves and their elite buddies in control that is who will have special priviledges and access to luxury goods, they buy loyalty.......